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Each Pakistani indebted of Rs. 0.115 mln

ISLAMABAD: Each Pakistani citizen owes Rs. 115,000 loan, the central bank disclosed in its recently released figures. According to the statistics released by the State Bank of Pakistan (SBP), the volume of the loans borrowed by the…

EU banks at risk from bad loans, low profit: regulator

LONDON: The greatest risks facing European Union banks are high levels of bad loans and lower profitability, the bloc's financial regulator said in a report Friday. The European Banking Authority said that while EU-wide lenders had…

Malaysia Airlines set to cut 6,000 jobs

KUALA LUMPUR: Malaysia Airlines (MAS) will slash nearly a third of its 20,000 workforce and cut back its global route network as part of a radical 6 billion ringgit ($1.9 billion) restructuring following the devastating impact of two…